Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China

Release time:Apr 14, 2024 02:54 AM

CCTV News: The State Administration of Foreign Exchange announced the latest situation of foreign exchange reserves yesterday, and the data shows that the scale of China's foreign exchange reserves is stable but has increased.

The latest data from the State Administration of Foreign Exchange shows that at the end of June, China's foreign exchange reserves reached 3193 billion US dollars, an increase of 16.5 billion US dollars or 0.52% compared to the end of May; Compared to the end of December last year, it increased by 65.3 billion US dollars, with a growth rate of 2.09%, indicating a steady increase in scale.

Wen Bin, Chief Economist of China Minsheng Bank: In June, China's bank foreign exchange settlement and sales, as well as bank foreign exchange receipts and payments on behalf of customers, showed a slight surplus, both significantly higher than the level in May, continuing the surplus pattern; The net purchase of domestic bonds by foreign investors in June also continued the high scale of the previous months, indicating that in the context of fluctuations in the international financial market, RMB bonds have become increasingly valuable for long-term investment. In addition, multiple stable foreign trade policies continue to be implemented, and the foreign trade structure continues to be optimized. The comprehensive factors have laid a solid foundation for the stable and rising scale of China's foreign exchange reserves.


Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China

The relevant person in charge of the State Administration of Foreign Exchange stated that China's economy is showing a clear upward trend, and high-quality development is steadily advancing, which is conducive to maintaining basic stability in the scale of foreign exchange reserves.

The People's Bank of China issues the "Management Measures for Central Bank Deposit Accounts"

Yesterday, the People's Bank of China formulated and released the "Management Measures for Central Bank Deposit Accounts" to standardize the services and management of central bank deposit accounts, improve the transparency, fairness, and accessibility of central bank monetary settlement services.


Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China

The Central Bank Deposit Account refers to a liability account opened by the People's Bank of China for relevant units or organizations to deposit funds. The Measures unify the classification, account opening conditions, and evaluation standards of central bank deposit accounts, improving the predictability and convenience of obtaining central bank account services; Clarify the management requirements for opening, changing, revoking, and using central bank deposit accounts, and implement full life cycle management of accounts. The Measures focus on strengthening risk control in key links, standardizing requirements for agency settlement and account security management, which is conducive to reducing the risk of fund settlement in central bank deposit accounts and ensuring business continuity.

Launch of pilot cooperation mechanism for investment and loan linkage

In order to expand effective investment and promote private investment, the National Development and Reform Commission, together with seven banks, launched the establishment of an investment loan linkage pilot cooperation mechanism yesterday.


Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China

In the pilot cooperation mechanism of investment loan linkage, the National Development and Reform Commission is responsible for launching major investment projects, and seven banks are responsible for providing financial services and support for these major investment projects. This mechanism relies on the already operational national investment project online approval and supervision platform, connecting banks to this platform for the first time, achieving interconnection between the investment online platform and the bank's relevant credit information system.

Establishing a pilot cooperation mechanism is beneficial to support efficient loan review by financial institutions. The investment online platform shares information on project investment subjects, construction content, and other aspects with banks, providing authoritative information support for banks to quickly and efficiently verify the authenticity of projects and accelerate the loan review process.

Zhang Feng, General Manager of the Financial Business Department of Industrial and Commercial Bank of China: Under the premise of compliance with laws and regulations, banks can obtain personalized data support from investment online platforms, which helps banks innovate their products and services, and improve their service capabilities. Similarly, enterprises, especially private enterprises, will greatly improve the convenience of obtaining financing.


Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China

On the other hand, the cooperation mechanism is also conducive to strengthening the supervision of the entire project process.

Han Zhifeng, Deputy Director of the Investment Department of the National Development and Reform Commission: Banks share information on project loans, fund disbursements, construction progress, and other related information on investment online platforms, which helps to improve the precision level of project supervision throughout the entire process and also helps to better conduct investment situation analysis.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【